[Hiring] AVP, Middle Market Property Underwriting - Commercial @Nationwide

Role Description

If you’re passionate about helping people protect what matters most to them at a Fortune 100 company with nearly $70 billion in annual sales, as well as innovating and simplifying processes and operations to provide the best customer value, then Nationwide’s Property and Casualty team could be the place for you!

This technical executive leader will be assigned lines of business, responsible for or managing a team of experts that support Middle Market technical underwriting. They will build and oversee the implementation of the strategic direction set forth by executive leadership as it pertains to the line, drive profitable growth through consistent monitoring and reporting on the health of the portfolio, as well as recommend and implement innovative solutions to enhance our product offering.

• Develop and present strategies for the assigned line(s) of business to achieve growth and profitability targets.
• Regularly collaborate with Loss Control and Claims teams to learn about trends and suggest areas of refinement in either underwriting practice, Loss Control capabilities or Claims insights.
• Analyze market trends and competitive landscape to identify opportunities for expansion.
• Analyze claims and pricing study data to uncover loss drivers impacting the portfolio and recommend tactical and strategic changes to drive performance.
• Oversee the design and development of (property or casualty) specific enhancements.
• Routinely meet with Actuarial partners to provide feedback and suggest improvements to pricing capabilities.
• Manage underwriting compliance for the assigned area in accordance with applicable rating plans.
• Serve as Subject Matter Expert on the respective lines for the development of training, capabilities, or enterprise-wide initiatives.
• Setting strategy for policy limits (property or casualty) for leveraging facultative reinsurance placement.
• Creates industry white papers to further the education of our entire Middle Market organization and our broker partners.
• Regularly collaborate with product/portfolio, industry practices, underwriting capabilities, actuary and inside/field underwriting leadership teams.
• Oversees associate management of a high performing team of technical experts.
• May perform other responsibilities as assigned.

Qualifications

• Undergraduate studies preferably in business or a related field, graduate studies preferred.
• Typically, 15+ years of Middle Market and/or other related commercial lines underwriting experience.
• At least 5 years of management experience.

Requirements

• Comprehensive knowledge and mastery of industry strategy including underwriting, pricing, operations, finance, and product development.
• Strong underwriting acumen, insurance industry segments acumen, and overall business acumen.
• Demonstrated competency in strategic and organizational agility and managing a vision and purpose.
• Strong problem-solving skills and proven record of strong decision quality.
• Strong analytical skills and aptitude for financial evaluation of business performance.
• Ability to collaborate and build strong relationships across the organization.
• Can influence, drive results, deal with ambiguity, and communicate effectively at all levels in the organization.
• Strong self-starter who is innovative with initiative.
• Proven track record of setting goals and delivering results.
• Extensive underwriting expertise with the ability to integrate knowledge across product lines and segments.
• Advanced level of technical and industry expertise.
• Knowledge of commercial property & casualty products; insurance operations; finance and actuarial concepts; regulatory environment; reinsurance; account management; underwriting; producer management; and product development.

Benefits

• Medical/dental/vision.
• Life insurance, short and long term disability coverage.
• Paid time off with newly hired associates receiving a minimum of 18 days paid time off each full calendar year pro-rated quarterly based on hire date.
• Nine paid holidays.
• 8 hours of Lifetime paid time off.
• 8 hours of Unity Day paid time off.
• 401(k) with company match.
• Company-paid pension plan.
• Business casual attire.